Greece’s Adelfia Shipping is denying reports that it is selling half of its fleet under order from Royal Bank of Scotland (RBS) or other lenders.

The company acknowledges it has been marketing some of its vessels for sale. However, It insists this is part of a reorganisation under its own authorship.

“We wish to set the record straight and declare that certain vessels have been marketed for sale, in accordance with [an] Adelfia Shipping Group of Companies’ reorganisation programme,” the company told TradeWinds.

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